Sandisk Corporation $SNDK Shares Acquired by Axxcess Wealth Management LLC

Key Points

• Institutional ownership increased: Axxcess Wealth Management more than doubled its Sandisk position to 2,378 shares, while several other funds also added or initiated stakes.
• Strong financial performance and shareholder returns: Sandisk reported quarterly EPS of $39.25 versus a $33.28 consensus estimate, with revenue up 371.6% year over year. The board also authorized a $14 billion share-repurchase program covering up to 6.6% of outstanding shares.
• Analysts remain bullish but volatility is high: Analysts’ consensus rating is “Moderate Buy” with an average price target of $2,120.65, supported by expectations for strong NAND and AI-storage demand. However, the stock’s elevated valuation, sharp prior gains, cyclical memory market, and AI-spending concerns create significant downside risk.

Axxcess Wealth Management LLC grew its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 108.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,378 shares of the data storage provider's stock after acquiring an additional 1,237 shares during the quarter. Axxcess Wealth Management LLC's holdings in Sandisk were worth $4,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB grew its stake in shares of Sandisk by 35.1% during the second quarter. Handelsbanken Fonder AB now owns 57,564 shares of the data storage provider's stock valued at $130,885,000 after buying an additional 14,964 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Sandisk in the second quarter worth about $4,775,000. Florida Financial Advisors LLC purchased a new position in shares of Sandisk in the first quarter worth about $2,747,000. UNICOM Systems Inc. lifted its stake in shares of Sandisk by 14.9% in the 2nd quarter. UNICOM Systems Inc. now owns 58,500 shares of the data storage provider's stock valued at $133,013,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Affinity Capital Advisors LLC bought a new stake in shares of Sandisk in the 2nd quarter valued at about $2,506,000.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,260.93 on Friday. The stock has a 50 day moving average price of $1,603.49 and a 200-day moving average price of $1,522.08. Sandisk Corporation has a one year low of $146.00 and a one year high of $2,354.39. The company has a market capitalization of $182.24 billion, a P/E ratio of 20.04, a P/E/G ratio of 0.14 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The firm had revenue of $8.96 billion for the quarter. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm's quarterly revenue was up 371.6% compared to the same quarter last year. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. As a group, equities analysts predict that Sandisk Corporation will post 208.94 EPS for the current fiscal year.

Sandisk announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to reacquire up to 6.6% of its shares through open market purchases. Share repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Argus upgraded Sandisk from a "hold" rating to a "buy" rating and set a $1,600.00 target price for the company in a report on Monday, August 10th. Royal Bank Of Canada lifted their price target on Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. UBS Group reaffirmed an "overweight" rating and issued a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. China Renaissance boosted their price objective on Sandisk from $2,000.00 to $2,250.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Finally, Arete Research increased their price objective on Sandisk from $2,300.00 to $3,000.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,120.65.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Strong NAND and AI-storage fundamentals: Analysts and bullish commentators argue that AI data-center construction is driving NAND demand beyond supply. Enterprise SSD growth, firm NAND pricing, and potential shortages through 2028 could support Sandisk’s revenue and margins. Sandisk: Strong Buy Despite China and AI Spending Fears
• Positive Sentiment: Analyst support remains strong: Mizuho analyst Lloyd Walmsley maintained a Buy rating and a $2,050 price target, citing firm NAND pricing and upside from enterprise solid-state drives. Analyst Lloyd Walmsley Initiates Buy on SanDisk
• Positive Sentiment: Earnings could provide a catalyst: Several previews expect Sandisk to benefit from favorable NAND market conditions when it reports on October 29. The stock’s earlier surge followed its return as an independent company in February 2025, reflecting strong investor enthusiasm for the memory cycle. Prediction: Sandisk Stock Will Soar After Oct. 29
• Neutral Sentiment: Sector-wide volatility is elevated: Sandisk has gained dramatically since its separation from Western Digital, but the memory market remains highly cyclical. Its substantial prior appreciation and high volatility leave the stock vulnerable to profit-taking and sharp moves around earnings. Up 3,700%, Should You Buy Sandisk Right Now?
• Negative Sentiment: AI spending concerns are driving the selloff: Investors are questioning whether rising AI infrastructure costs will slow hyperscaler capital expenditures, reducing future demand for memory and storage chips. Sandisk declined alongside Micron, SK Hynix, and other semiconductor stocks as the broader memory-sector liquidation intensified. SanDisk Stock Drops as AI Cost Worries Mount
• Negative Sentiment: Near-term uncertainty is concentrated around earnings: The market is weighing whether strong NAND pricing and AI-related demand can overcome concerns about slowing chip demand, Chinese competition, and the sustainability of elevated valuations.

Insiders Place Their Bets

In other news, CFO Luis Visoso sold 1,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company's stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 2,308 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $1,767.33, for a total value of $4,078,997.64. Following the sale, the insider owned 25,305 shares of the company's stock, valued at approximately $44,722,285.65. This represents a 8.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 77,899 shares of company stock valued at $121,159,122. Company insiders own 0.29% of the company's stock.

Sandisk Company Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.

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